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COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF FINANCE LEASES

The Company’s leased properties as of December 31, 2023 are as follows:

 

Lease Date  Property Leased  Lease Term (months)  Commencement Date  Monthly Lease Payment(1) 
              
9/2/2022  Vehicle  60  9/10/2022  $1,100 
10/17/2022  Manufacturing equipment  36  10/17/2022  $5,500 
1/24/2023  Manufacturing equipment  36  1/24/2023  $6,700 
3/2/2023  Manufacturing equipment  36  3/2/2023  $1,000 

 

(1) Excludes sales tax and other fees.
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The Future Minimum Lease Payments as of December 31, 2023 are as follows:

 

   Operating
Leases		  

Finance

Leases

 
Year Ending June 30,        
2024 (remaining six months)  $430,000   $86,000 
2025   883,000    173,000 
2026   910,000    85,000 
2027   433,000    15,000 
2028   64,000    21,000 
Total Future Minimum Lease Payments   2,720,000    380,000 
           
Less: discount   (333,000)   (39,000)
Total lease liability  $2,387,000   $341,000